Takaful is a type of Islamic insurance, where members contribute money into a pool system in order to guarantee each other against loss or damage. Takaful-branded insurance is based on sharia, Islamic religious law, and explains how it is the responsibility of individuals to cooperate and protect each other. Takaful Insurance adheres to principles of Islamic faith (shariah) which prohibits Maysir (Gambling), Gharar (Risk & Uncertainty), Riba (Interest), Haram (Forbidden / Unlawful). Takaful coverage is also available for anyone, and one does not have to be Muslim to take on Takaful coverage